It depends on what the guarantee agreement says or what is agreed orally. „common responsibility and multi-responsibility“ means that the entire tenant group has the same responsibilities. If a tenant does not meet the terms of your tenancy agreement (i.e. pays the rent), it is up to the other tenants to pay the deficit if not. If a tenant causes damage to the property, it is the responsibility of all tenants to compensate the owner for the damage if a party does not do so. Make sure you and your guarantor are satisfied with what you need to accept. One of the major problems for co-owners such as student housing is the fact that, in all rental contracts with more than one tenant, each tenant is jointly responsible for all the rent and the entire property in the contract. It also means that, if there is a single agreement to cover an entire house, each guarantor is in fact responsible for the entire rent, because under „shared and multiple liability,“ the lessor can sue any contracting party to the loss recovery agreement. Unfortunately, many parents of descendants of students cannot recognize it or where they do, they may not like it. Please also make it clear in the guarantee that the lessor first sends a written claim to the guarantors at the address indicated by the deposit (or at another address that he will indicate later). You may not need a deposit if you have a credit check or proof of income. If this is the case, the liability of the deposit can be maintained as long as the tenancy agreement is in place and ends only when the tenancy agreement is finally terminated: if a deposit is required for a tenant with a co-responsibility of „Several Tenants“, the surety is responsible for the tenant he has guaranteed and ALL his responsibilities for his part of the tenancy agreement.

Therefore, if the tenant is jointly liable, it is his surety, unless the guarantee signed by the guarantor provides for something else. In certain circumstances, this can be avoided by limiting the liability of your deposit to a certain amount of money, for example.B. Your share of the rent. If there are unfair conditions in your agreement, you can report the business standards to your landlord. Learn how to report on business standards. The guarantor is probably a close friend or relative of the tenant. A local housing or social services service can be the guarantor of someone they have the obligation or authority to house. [1] However, the administrator involved can be a nightmare and you have to establish a new agreement every time someone moves, which can be a lot of trouble. The other alternative is to get parents to pay in advance for the duration of the rent – although many don`t want to. Dan explains what you need to know before signing a warranty contract. [Video length: 01:03] Clara Zang and Salmaan Hassanally are lawyers at 4-5 Gray`s Inn Square Chambers. They accept instructions from landlords and tenants in all areas of commercial and residential property, including property procedures, rent arrears, local security, forfeiture and property and rental disputes.

If you accept your lease before your deposit signs the guarantee agreement, there are additional rules. Contact your nearest citizen council if this is the case for you. For many parents, the financial risk of being a guarantor is a major concern and can often be the cause of a lot of stress. Parents may feel that, despite the obvious dangers, they have no choice, especially if a child`s roommates are able to provide guarantors who are not so concerned about the risk. An obvious option is warranty protection. Only My Share is The brother service of Housing Hand for tenants who can provide a qualified rent guarantor and decide to financially protect themselves and their guarantors from the risk of paying the missed rent of other tenants.